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If they use their fingers I reckon they could get to 12.

Well.. having the vote count in Dungwell was always going to be an issue...They canna count past 11.

Drawn away to Nairn in the North of Scotland Cup first round on Wednesday 21 August. Time TBC Win that and it’s Clach or Strathspey on 4 September, in theory at home. Semi final is 18 September and final 12 or 13 October.

Still nothing on the away kit. So unlike the club to miscommunicate, say things and then go silent, leaving everyone shrugging their shoulders. People will start thinking we're an inept and disfunctional football club.

Got to consider this is a good chance to get to the final all depending on what priority its given. Unfortunately I expect it to be schoolboys and youth given how thin the squad is, so probably papped out early on.

Can they not get anything right?

And the full draw: NORTH OF SCOTLAND CUP - FULL DRAW - 2024/25 First Round: Brora Rangers v Ross County Clachnacuddin v Strathspey Thistle Forres Mechanics v Rothes Fort William v Lossiemouth Golspie Sutherland v Inverness Athletic Halkirk United v St Duthus Invergordon v Wick Academy Nairn County v Inverness Caledonian Thistle Ties due to be played Wednesday 21st August 2024 Second Round: Brora/Ross v Invergordon/Wick Golspie/Inv. Ath. v Halkirk/St Duthus Forres/Rothes v Fort/Lossie Nairn/ICT v Clach/Strathspey Ties due to be played Wednesday 4th September 2024 Semi Finals: Brora/Ross/Invergordon/Wick v Forres/Rothes/Fort/Lossie Nairn/ICT/Clach/Strathspey v Golspie/Inv. Ath/Halkirk/St Duthus Ties due to be played Wednesday 18th September 2024 FINAL Due to be played Saturday 12 October or Sunday 13th October 2024

https://www.dpea.scotland.gov.uk/CaseDetails.aspx?ID=125202

I'm not convinced. If what you have been told is true, then why the delay? The figures pertaining to the the year to May 23 will have been known for certain months ago. The uncertainty lies in how the club proposed to address the issues the figures indicate so that the business can continue as a going concern. Earlier in the year the club could easily have told the auditors that over £3M was likely from the BESS and a further £1M from the Park and Ride. Clearly it was eminently plausible that both of those schemes would generate funds, so why couldn't the auditors not sign the accounts of then? Yngwie's argument sounds much more likely to me. The auditors might well have thought it likely that both projects would generate money, but they will also have been aware that they might not. Without a more definite assurance and a lack of any information about a more certain stream of funding, they could not sign the accounts off on a going concern basis. The fact that they have now signed suggests to me that they are now assured that significant funding is coming in from another source (and presumably that operating costs are being significantly reduced).

That’s not quite how it works. Forecasts are inherently subjective and nothing is ever guaranteed, but auditors have to review the financial projections and question/challenge the assumptions therein. They can face much worse than reputational damage if they wrongly sign off on going concern. Nothing is certain, but there must at least be a credible plan for survival.

Thanks. Good points. If that is an accrual related to the cup money, then it is money which has already been spent on getting rid of one management team and replacing it with a more expensive and worse one. Accounts for 2023/4 are going to look even worse, although hopefully we will be in a better financial position by the time we see them. Under what name was the appeal lodged? If successful we have to hope that Morrison and Munro can find another company to build and operate the plant. This could still bring in some significant money for the club, but relying on such speculative ventures is no basis on which to fund a football club.

**Case Update – 05/07/2024** The case has been placed on hold pending receipt of missing documents and clarification of others

Confirmation bias. You're going on the assumption that 'going concern' is the only thing that could delay the accounts and looking for reason to support that. There are a whole host of reasons and a quick online search suggests: Financial Difficulties: The company may be experiencing financial trouble, such as cash flow problems, significant debts, or potential insolvency. Delaying accounts can sometimes be a way to buy time while trying to resolve these issues. Accounting Irregularities: There could be discrepancies or irregularities in the accounts that the company is trying to resolve before filing. This could include errors, fraud, or attempts to manipulate financial statements. Audit Problems: There could be disagreements or issues with the auditors that need to be resolved before the accounts can be finalised and submitted. Compliance Issues: The company might be facing regulatory or compliance issues that need to be addressed before the accounts can be filed. This could include tax disputes or other legal matters. Strategic Reasons: In some cases, companies might delay filing accounts for strategic reasons, such as avoiding revealing financial performance to stakeholders during a sensitive period. Given the move to deliberately extend the filing period we can probably rule out administrative oversight.

Remember that Morrison resigned on the 30th May 2024, one day before the accounts were due to be signed off. What did he say or do in those final hours?

Not entirely as you are reading it as the auditors stated that they have concerns that the business is a going concern They will have signed them off because directors have said there is a plan to deal with it. Their comments do not give any assurances that the plan is viable and they will likely have seen no supporting evidence for it. The only thing stopping us from slipping into insolvency territory for the period is asset value and (potentially) the accrual of the cup money into those accounts. As with the move to delay the accounts this is legal but should be raising massive alarm bells. As with many things the last few years all is not as it is presented. *The above is following a discussion with a friend more versed in these things than me.